Friday, 22 May 2015
Last updated 1 hour ago
Nov 4 2008 | 9:35am ET
For the second time in as many years, Kohlberg Kravis Roberts is delaying plans to go public. The private equity giant said its plans have been slowed by the Securities and Exchange Commission, which is still reviewing its plan.
KKR will not go public this year as scheduled due to the review process, it said.
Under that proposal, KKR will effectively buy out its European affiliate, KKR Private Equity Investors, which is listed in Amsterdam, with new New York Stock Exchange-listed KKR shares. The deal, announced in July, would value KKR at between $12 billion and $15 billion.
KKR had originally floated a plan to go public last summer, but shelved those plans due to the difficult market conditions at the time, as well as the rocky road faced by the then-newly public Blackstone Group.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…